Supply Management Processing Investment Fund
At a glance
- Max. $10,000,000
- Open Date : March 08, 2023
- All industries
- Agriculture and Agri-Food Canada
- Government of Canada
Overview
Eligibility criteria
Applicants must meet the following eligibility criteria to apply for the Supply Management Processing Investment Fund:
- Processors of supply-managed commodities impacted by CETA, CPTPP, and CUSMA
- Investments must be in dairy, poultry, or egg processing facilities
- Improvements in productivity and efficiency through new automated equipment and technology
Who is eligible
Eligible types of companies for this grant include processors of supply-managed commodities in the dairy, poultry, and egg processing sectors. These companies must be looking to improve productivity and efficiency through investments in new automated equipment and technology.
- Processors of supply-managed commodities
- Companies in the dairy, poultry, and egg processing sectors
Eligible expenses
The Supply Management Processing Investment Fund (SMPIF) provides non-repayable contributions to support investments in dairy, poultry, and egg processing facilities. Eligible expenses may include:
- Purchase of new automated equipment
- Technology upgrades
Eligible projects & activities
The Supply Management Processing Investment Fund (SMPIF) provides non-repayable contributions to support investments in dairy, poultry, and egg processing facilities that enhance productivity and efficiency. Eligible projects may include the purchase of new automated equipment and technology.
- Purchase of new automated equipment
- Technology upgrades to improve efficiency
- Investments in dairy, poultry, and egg processing facilities
- Projects that enhance productivity in processing supply-managed commodities
Evaluation & selection criteria
Specific evaluation and selection criteria are not provided for this grant program.
How to apply
- Step 1. What this program offers
- Intake period: Open
- The program offers non-repayable contributions to support investments in dairy, poultry, and egg processing facilities.
- The program aims to help processors of supply-managed commodities adapt to market changes from trade agreements.
- Step 2. Who is eligible
- Eligible applicants are processors of supply-managed commodities.
- Step 3. How to apply
- The application intake period is open.
- Applicants can apply until available funds are fully allocated.
- Step 4. After you apply
- Once all funds are allocated, a notice will be posted on the website.
Grant Summary
The Supply Management Processing Investment Fund (SMPIF) offers non-repayable contributions to dairy, poultry, and egg processing facilities to enhance productivity and efficiency through the acquisition of new automated equipment and technology.
Supply Management Processing Investment Fund (SMPIF) Overview
The Supply Management Processing Investment Fund (SMPIF) is a program that assists processors of supply-managed commodities in adapting to market changes resulting from various trade agreements. The program aims to support dairy, poultry, and egg processing facilities by providing non-repayable contributions for investments that will improve productivity and efficiency. These investments typically involve the purchase of new automated equipment and technology to enhance processing capabilities.
The SMPIF is particularly relevant in the context of trade agreements like the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Canada-United States-Mexico Agreement (CUSMA). These agreements have introduced changes that impact the processing industry, and the SMPIF aims to help businesses navigate these changes effectively.
The program has an overall budget of $397.5 million allocated from April 1, 2022, to March 31, 2028. Applicants for the SMPIF can submit their applications at any point during the program's duration until all available funds are fully allocated. Once the funds are fully distributed, a notice will be posted on the program's website to inform potential applicants of the closure of the intake period.
By supporting investments in processing facilities, the SMPIF not only helps businesses improve their operations but also contributes to the overall competitiveness and sustainability of the supply-managed commodities sector. The program encourages the adoption of advanced technologies and equipment to enhance efficiency and meet changing market demands effectively.
In conclusion, the SMPIF plays a crucial role in assisting processors in the dairy, poultry, and egg sectors to enhance their capabilities and remain competitive in the evolving market landscape shaped by international trade agreements.
